Acerola Extract Market to Witness Unprecedented Growth in Coming Years
According to MarketsandMarkets™, the global acerola extract market size was estimated to be valued at USD 16 Million in 2021. It is projected to reach USD 24 Million by 2026, recording a CAGR of 7.6%, in terms of value. It is driven by the rising adoption of natural food products, the increasing investments in botanical extract ingredients, and the growing demand for natural antioxidant in food and beverage products.The global market is a rapidly growing market due to the increasing demand for natural ingredients in the food and beverage industry. It is used as a natural preservative, colorant, and flavoring agent in food and beverage products, as well as in dietary supplements. Acerola extract, also known as Malpighia emarginata or Barbados cherry, is a rich source of vitamin C and other antioxidants. The market is expected to grow in the coming years due to the increasing awareness of the health benefits of vitamin C and the growing demand for natural ingredients.
The confectioneries segment is projected to grow at a CAGR of 7.0% in the acerola extract market
The acerola extract is used in confectionery as an antioxidant nutrient, which enhances the shelf-life of the products. It induces a tangy flavor in candies and other confectionery products. The acerola extract also plays an important role in increasing the nutritional value of products. The increasing disposable income has led to the rise in the consumption of confectioneries globally. The growth of the confectioneries industry is expected to drive the demand for acerola extract as well.
The liquid segment accounts for the second-largest market share in the acerola extract market
Based on form, the liquid segment is the second-largest segment in the overall acerola extract market. The liquid acerola extract includes concentrates, blends, and juices, the demand for which is lesser compared to the dry form. According to industry experts, the share of the liquid form in the acerola extract market is smaller since the dry form offers a higher degree of convenience and storage, which is lacking in the liquid form.
The North America region is the largest region in the acerola extract market in the forecast period
North America is the largest region in the global acerola extract market in the forecast period. The presence of major acerola extract manufacturers such as Kemin Industries, Inc. (US) and The Green Labs LLC further drive the market in the region.
Key Players:
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (Netherlands), Kemin Industries, Inc. (US), Dohler GmbH (Germany), The Green Labs LLC (US), Diana Food S.A.S. (France), Naturex S.A. (France), NutriBotanica (Brazil), Handary SA (Belgium), Foodchem International Corporation (China), and Nichirei do Brasil Agrícola Ltda. (Brazil).